{"id":35124,"date":"2025-07-29T22:01:13","date_gmt":"2025-07-29T22:01:13","guid":{"rendered":"https:\/\/allonlinebanglanewspapers.com\/news\/avante-announces-annual-results-for-fiscal-2025-results-with-35-revenue-growth-and-20-adjusted-ebitda-growth\/"},"modified":"2025-07-29T22:01:13","modified_gmt":"2025-07-29T22:01:13","slug":"avante-announces-annual-results-for-fiscal-2025-results-with-35-revenue-growth-and-20-adjusted-ebitda-growth","status":"publish","type":"post","link":"https:\/\/allonlinebanglanewspapers.com\/news\/avante-announces-annual-results-for-fiscal-2025-results-with-35-revenue-growth-and-20-adjusted-ebitda-growth\/","title":{"rendered":"AVANTE ANNOUNCES ANNUAL RESULTS FOR FISCAL 2025 RESULTS WITH 35% REVENUE GROWTH AND 20% ADJUSTED EBITDA GROWTH"},"content":{"rendered":"<div id=\"main-body-container\" itemprop=\"articleBody\">\n<ul type=\"disc\">\n<li><i>Avante Corp. achieved 35% year-over-year revenue growth in fiscal 2025 with Recurring Monthly Revenues improving by 21%.<\/i><\/li>\n<li><i>The Company achieved Adjusted EBITDA from continuing operations of $1.76 million in fiscal 2025, an increase of 20% as compared to the prior fiscal year. <\/i><\/li>\n<li><i>The Company provides a positive outlook for fiscal 2026, driven by organic growth across its services including NSSG, Avante Black, Halo, Avante Verified, and WALL-E. <\/i><\/li>\n<\/ul>\n<p align=\"justify\">TORONTO, Ontario, July  29, 2025  (GLOBE NEWSWIRE) &#8212; Avante Corp. (TSX.V: XX) (OTC: ALXXF) (\u201c<b>Avante<\/b>\u201d or the \u201c<b>Company<\/b>\u201d) is pleased to announce its financial results for fiscal 2025, representing the three and twelve months ended March 31, 2025 (all amounts in Canadian dollars thousands, unless otherwise indicated).<\/p>\n<p align=\"justify\">Manny Mounouchos, Founder, Chief Executive Officer and Board Chair of Avante, commented, \u201cFiscal 2025 was a year of strong financial performance and focused execution across all divisions, each of which met or exceeded our internal expectations. Revenue and Adjusted EBITDA increased by 35% and 20% year-over-year, respectively, driven by strong performance in our Protective Services and Avante Black divisions, as well as a full year of revenue contribution from NSSG. Recurring Monthly Revenue grew by 21%, driven by an increase in monitoring customers and the rollout of new recurring services across our client base. Our elite Avante Black division achieved impressive year-over-year revenue growth of 118%, and we continue to see strong demand for its specialized investigation services. Looking ahead, we are excited by the potential scale of our tech-enabled platforms. WALL-E is ramping up in production and gaining interest from clients operating in remote and high-risk environments. Meanwhile, Avante Verified is building momentum as schools and institutions seek next-generation safety solutions. As we move into Fiscal 2026, we remain focused on innovation, expanding our recurring revenue base, and delivering world-class tech-enabled security solutions globally.\u201d<\/p>\n<p align=\"justify\">Raj Kapoor, Avante\u2019s Chief Financial Officer, added, \u201cOur fiscal 2025 performance reflects continued operational discipline, improved scalability, and stronger fundamentals across all divisions. The Company remains bank-debt free, with $4.7 million in cash and access to $12 million in unused credit facilities. Avante has delivered positive Adjusted EBITDA in every quarter for the past two fiscal years, reflecting improving profitability. Growth in higher-margin segments such as NSSG, Avante Black, and Monitoring continues to be a key driver of performance. Throughout the year, we prioritized cost control and strategic investments in the commercialization of WALL-E and expansion of Avante Verified. Our balance sheet remains strong, and we continue to assess capital allocation opportunities that will drive shareholder value.\u201d<\/p>\n<p align=\"justify\"><b><u>ANNUAL FINANCIAL HIGHLIGHTS FOR THE FISCAL 2025 ENDED MARCH 31, 2025:<\/u><\/b><\/p>\n<ul type=\"disc\">\n<li>Within continuing operations, the Company reported revenue of $33,762 during fiscal 2025, representing year-over-year revenue growth of 35%, or $8,812, compared to $24,950 for the prior fiscal year. While all divisions experienced growth that exceeded projections, the Company\u2019s Protective Services division experienced a 53% increase in revenue over the previous year.\u00a0 The 2025 consolidated financial statements included a full year of NSSG results compared to the previous year which included 6 months of NSSG results.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>Total Gross profit within continuing operations increased by $2,942 during fiscal 2025 compared to fiscal 2024. Gross profit margins remained relatively stable at 39.3% compared to 41.3%, indicating a consistent level of profitability.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>The Company delivered recurring monthly revenues (\u201cRMR\u201d) of $13,836 during fiscal 2025, up from $11,390 during the Company\u2019s prior fiscal year, a year-over-year growth of 21%. This growth was driven by net growth in monitoring customers and the introduction of new recurring revenue services to new and existing client bases.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>The Company achieved Adjusted EBITDA from continuing operations of $1,758 during fiscal 2025, compared to Adjusted EBITDA of $1,460 for the prior fiscal year, representing year-over-year growth of 20%.<\/li>\n<\/ul>\n<p align=\"justify\"><b><u>QUARTERLY FINANCIAL HIGHLIGHTS FOR THE FOURTH FISCAL QUARTER ENDED MARCH 31, 2025<\/u><\/b><b>:<\/b><\/p>\n<ul type=\"disc\">\n<li>Within continuing operations, the Company reported revenue of $9,347 during the fourth quarter of fiscal 2025, representing year-over-year revenue growth of 29%, or $2,088 compared to $7,259 for the prior fiscal year fourth quarter. <\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>Total gross profit from continuing operations increased by $123 in the fourth quarter of fiscal 2025 compared to the same quarter in fiscal 2024. The Company delivered recurring monthly revenues (\u201c<b>RMR<\/b>\u201d) of $3,524 during the fourth quarter of fiscal 2025, up from $3,019 during the Company\u2019s fourth quarter in the prior year, a year-over-year growth of 17%. This growth was driven by net growth in monitoring customers and the introduction of new recurring revenue services to new and existing client bases.<\/li>\n<\/ul>\n<p align=\"justify\"><b><u>OUTLOOK<\/u><\/b><\/p>\n<p align=\"justify\">Management looks forward to continuing revenue and adjusted EBITDA growth in Fiscal 2026. The Company\u2019s long-term financials serve as a guide to developing and executing long-term corporate strategy. Management is pleased to reiterate the Company\u2019s long-term financial objectives:<\/p>\n<ul type=\"disc\">\n<li>Build recurring monthly revenues;<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>Achieve consolidated Adjusted EBITDA margins consistent with its industry;<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>Achieve growth in Adjusted Net Income per share;<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>Reinvest cashflows into future business growth.<\/li>\n<\/ul>\n<p align=\"justify\"><b><u>SUMMARY FINANCIAL RESULTS FOR THE <\/u><\/b><b><u>FISCAL 2025 ENDED MARCH 31, 2025<\/u><\/b><b>:<\/b><\/p>\n<p align=\"justify\">Readers should refer to the Company\u2019s audited financial statements and MD&amp;A in respect of its fiscal year ended March 31, 2025, for additional risk factors, accounting policies, detailed financial disclosures, reconciliation of non-IFRS financial measures to the most directly comparable IFRS financial measures, related party transactions, contingencies, and reporting of subsequent events. Such financial statements and MD&amp;A are incorporated by reference into this news release and will be filed electronically through the System for Electronic Document Analysis and Retrieval (\u201cSEDAR+\u201d), which can be accessed at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=N16yxX-kR30OaTm4du3ooKw7an7d_sk7UGmNklOS0eMbl5wmlmTdsVUaQnRO00fs4d6_rJHde6OUgrV4P2u80ln7zNzhyiV1MXL8pQa_lfo=\" rel=\"nofollow\" target=\"_blank\" title=\"\"><u>www.sedarplus.ca<\/u><\/a>.<\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $ thousands unless otherwise noted <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <b>Mar. 31, 2025<\/b> <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <b>Mar. 31, 2024<\/b> <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left ;  vertical-align: middle; vertical-align: top ; \"> <b><u>INCOME STATEMENT INFORMATION<\/u><\/b><b>:<\/b> <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <b>\u00a0<\/b> <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <b>\u00a0<\/b> <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left ;  vertical-align: middle; vertical-align: top ; \"> RMR in the period, continuing operations<sup> (1)<\/sup> <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $13,836 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $11,390 <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left ;  vertical-align: middle; vertical-align: top ; \"> Revenues, continuing operations  <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $33,762 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $24,950 <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left ;  vertical-align: middle; vertical-align: top ; \"> Gross profit, continuing operations <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $13,257 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $10,315 <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left ;  vertical-align: middle; vertical-align: top ; \"> Gross profit margin, continuing operations <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 39.3% <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 41.3% <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left ;  vertical-align: middle; vertical-align: top ; \"> Adjusted EBITDA, continuing operations <sup>(1)<\/sup> <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $1,758 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $1,460 <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left ;  vertical-align: middle; vertical-align: top ; \"> Net loss, continuing operations <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $(940) <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $(2,256) <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left ;  vertical-align: middle; vertical-align: top ; \"> Net Income (loss) <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $(940) <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $(2,256) <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left ;  vertical-align: middle; vertical-align: top ; \"> Average Common Shares during the year <\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 26,644,479 <\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 26,570,828 <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left ;  vertical-align: middle; vertical-align: top ; \"> \u00a0 <\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left ;  vertical-align: middle; vertical-align: top ; \"> <b><u>BALANCE SHEET INFORMATION<\/u><\/b><b>:<\/b> <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <b>Mar. 31, 2025<\/b> <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <b>Mar. 31, 2024<\/b> <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left ;  vertical-align: middle; vertical-align: top ; \"> Cash balances &amp; GIC investments  <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $4,723 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $6,031 <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left ;  vertical-align: middle; vertical-align: top ; \"> Total funded debt as reported, IFRS <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $0 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $0 <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left ;  vertical-align: middle; vertical-align: top ; \"> Total funded debt &amp; lease obligations, IFRS <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $1,257 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $1,380 <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left ;  vertical-align: middle; vertical-align: top ; \"> Common Shares at period end <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 26,648,739 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 26,643,739 <\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">(1)Adjusted EBITDA and Recurring Monthly Revenues (\u201cRMR\u201d) are non-IFRS financial measures that have no standard meaning under IFRS and as a result may not be comparable to the calculation of similar measures by other companies.\u00a0 See Description of Non-IFRS Financial Measures.\u00a0 Reconciliations of Adjusted EBITDA and RMR to Net Income or Revenues, as applicable, are provided in the Company\u2019s Management Discussion &amp; Analysis (\u201cMD&amp;A\u201d).<\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> \u00a0 <\/td>\n<td colspan=\"4\" style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: top ; \"> <b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Year ended<\/b> <\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> <b><u>RECONCILIATION OF ADJUSTED EBITDA<\/u><\/b> <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <b>Mar 31, 2025<\/b> <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <b>Mar 31, 2024<\/b> <\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> Total comprehensive income (loss) from continuing operations <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $(2,102) <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $(2,402) <\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> Current income tax <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 252 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 1 <\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> Deferred income tax expense (recovery) <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 141 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> (88) <\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> Interest expense <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 277 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 233 <\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> Depreciation and amortization <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 1,663 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 1,420 <\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> Amortization on capitalized commission <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 6 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 6 <\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> Share based payments <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 137 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 55 <\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> Reorganization and acquisition expense <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 720 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 231 <\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> Long term employee benefits <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 233 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 2,000 <\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> Software cost Impairment <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 383 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> &#8211; <\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left ;  vertical-align: middle; vertical-align: top ; \"> <b>Adjusted EBITDA from continuing operations<\/b> <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $1,710 <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $1,456 <\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">The Company\u2019s (\u201c<b>RMR<\/b>\u201d) from continuing operations during the last eight quarters are summarized below.\u00a0\u00a0 Gross profit margins over the last eight quarters ranged between 37.7% and 44.2%, and were 41.0% on a trailing twelve-month basis to December 31, 2024:<\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> <b>Avante Security<\/b> <\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"> <b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 F24<\/b><sup><b>(1)<\/b><\/sup> <\/td>\n<td colspan=\"5\" style=\"border-bottom: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"> <b>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 F25<\/b> <\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"> <b>\u00a0<\/b> <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> $thousands <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <b>Q1<\/b> <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <b>Q2<\/b> <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <b>Q3<\/b> <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <b>Q4<\/b> <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <b>Q1<\/b> <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <b>Q2<\/b> <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <b>Q3<\/b> <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <b>Q4<\/b> <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> RMR in the period <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $2,648 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $2,834 <\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $2,889 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $3,019 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $3,262 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $3,309 <\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $3,741 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $3,524 <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> Other revenue <\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 2,762 <\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 2,505 <\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 4,053 <\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 4,240 <\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 4,653 <\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 4,780 <\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 4,670 <\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 5,822 <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> Total revenue <\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $5,410 <\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $5,339 <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $6,941 <\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $7,259 <\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $7,915 <\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $8,089 <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $8,412 <\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $9,347 <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> \u00a0 <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> \u00a0 <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> \u00a0 <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> \u00a0 <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> \u00a0 <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> \u00a0 <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> \u00a0 <\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> \u00a0 <\/td>\n<td style=\"border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> Total Gross Profit <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $2,039 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $2,118 <\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $2,948 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $3,211 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $3,006 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $3,477 <\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $3,441 <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> $3,334 <\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"> Gross Profit % <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 37.7% <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 39.7% <\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 42.5% <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 44.2% <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 38.0% <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 43.0% <\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 40.9% <\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 35.7% <\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">(1)The Company\u2019s fiscal year end is on March 31 of each year. \u201cF24\u201d means the fiscal year ended March 31, 2024; and \u201cF25\u201d means the fiscal year ended March 31, 2025.<\/p>\n<p align=\"justify\"><b><u>ABOUT AVANTE CORP.<\/u><\/b><b>:<\/b><\/p>\n<p align=\"justify\">Avante Corp Inc. is a Toronto based leading provider of security operatives and technology enabled security solutions to residential and commercial clients.\u00a0 Avante\u2019s mission is to deliver an elevated level of security globally, with white-glove mentality to high- net-worth families and corporations alike, through advanced solutions and methods of detecting conditions that require immediate response. The Company has developed a diversified security platform that leverages advanced technology solutions to provide a superior level of security services. With an experienced team and proven track record of solid growth, Avante is taking steps to establish a broad portfolio of security businesses and solutions for its customers through organic growth complemented by strategic acquisitions. Avante acquires, manages and builds industry leading businesses which provide specialized, mission-critical solutions that address the security risks of its clients.\u00a0\u00a0 Avante is listed on the TSX Venture Exchange under the ticker \u201c<b>XX<\/b>\u201d. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9hDXDNDTYzpv0FiQ_bTxYzS36JMSIM78CNi8z-lzpJawYWyszomy9z-waJV4k59IKCGjr3xl5McVyts1Tk6cdzaQBKZW3bRoZg2TQX7IY_4=\" rel=\"nofollow\" target=\"_blank\" title=\"\"><u>www.avantecorp.ca<\/u><\/a> and consider joining our investor email list.<\/p>\n<p align=\"justify\">Emmanuel Mounouchos<br \/>Founder, CEO &amp; Board Chair, Avante Corp.<br \/>416-923-6984<br \/>manny@avantesecurity.com <\/p>\n<p align=\"justify\"><b><i>This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities described herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.\u00a0 This news release does not constitute an offer of securities for sale in the United States.\u00a0 The securities described herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements.<\/i><\/b><\/p>\n<p align=\"left\"><b>Non-IFRS Financial Measures<\/b><\/p>\n<p align=\"justify\">This press release includes certain measures which have not been prepared in accordance with International Financial Reporting Standards (\u201cIFRS\u201d) such as EBITDA, Adjusted EBITDA and Recurring Monthly Revenue (\u201cRMR\u201d).\u00a0 These non-IFRS measures are not recognized under IFRS and and do not have a standardized meaning prescribed by IFRS.\u00a0 Accordingly, users are cautioned that these measures should not be construed as alternatives to net income determined in accordance with IFRS.\u00a0 The non-IFRS measures presented are unlikely to be comparable to similar measures presented by other issuers.<\/p>\n<p align=\"justify\">References to <b><i>EBITDA<\/i><\/b> are to net income before interest, taxes, depreciation and amortization.\u00a0 References to <b><i>Adjusted EBITDA<\/i><\/b> are to net income before interest, taxes, depreciation, amortization of intangibles &amp; capitalized commissions, share-based payments, acquisition, integration and \/ or reorganization costs, deferred financing costs, loss (gain) in fair value of derivative liability and expensing of fair value adjustments per IFRS.\u00a0 <b><i>Recurring Monthly Revenues<\/i><\/b>, or <b><i>RMR<\/i><\/b>, represent revenue during the fiscal period that benefited from contractual periodic billing to customers, typically monthly, quarterly or annually.<\/p>\n<p align=\"justify\">Management believes that Adjusted EBITDA and Recurring Monthly Revenues are appropriate additional measures for evaluating Avante\u2019s performance.\u00a0 Readers are cautioned that neither EBITDA, Adjusted EBITDA nor Recurring Monthly Revenues should be construed as an alternative to net income or revenues (as such financial measures are determined under IFRS), as an indicator of financial performance or to cash flow from operating activities (as determined under IFRS) or as a measure of liquidity and cash flow.\u00a0 Avante\u2019s method of calculating EBITDA, Adjusted EBITDA and Recurring Monthly Revenues may differ from methods used by other issuers and, accordingly, Avante\u2019s reported Non-IFRS measures may not be comparable to similar measures used by other issuers.<\/p>\n<p align=\"left\"><b>Forward-Looking Information<\/b><\/p>\n<p align=\"justify\">This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of the Company and the environment in which it operates.\u00a0 Forward-looking statements are identified by words such as \u201cbelieve\u201d, \u201canticipate\u201d, \u201cproject\u201d, \u201cexpect\u201d, \u201cintend\u201d, \u201cplan\u201d, \u201cwill\u201d, \u201cmay\u201d \u201cestimate\u201d, \u201cpro-forma\u201d and other similar expressions.\u00a0 These statements are based on the Company\u2019s expectations, estimates, forecasts and projections.\u00a0 The forward-looking statements in this news release are based on certain assumptions.\u00a0 They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict.\u00a0 A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the Company\u2019s ability to achieve the benefits expected as a result of the sale of Logixx Security Inc., anticipated growth from acquisitions, new service offerings and from development and deployment of new technologies and the list of risk factors identified in the Company\u2019s Management Discussion &amp; Analysis (MD&amp;A), Annual Information Form (AIF) and other continuous disclosure documents available at www.sedar.com.\u00a0 There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements.\u00a0 Readers, therefore, should not place undue reliance on any such forward-looking statements.\u00a0 Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update any such statement, whether as a result of new information, future events or otherwise.<\/p>\n<p align=\"justify\"><i>Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/i><\/p>\n<p>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Avante Corp. achieved 35% year-over-year revenue growth in fiscal 2025 with Recurring Monthly Revenues improving by 21%. The Company achieved Adjusted EBITDA from continuing operations of $1.76 million in fiscal 2025, an increase of 20% as compared to the prior fiscal year. The Company provides a positive outlook for fiscal 2026, driven by organic growth [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":35125,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/fc8adf1a-adcc-4c37-9c04-ed4d1a334dd4","fifu_image_alt":"","footnotes":""},"categories":[11],"tags":[],"class_list":["post-35124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/35124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/comments?post=35124"}],"version-history":[{"count":0,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/35124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/media\/35125"}],"wp:attachment":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/media?parent=35124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/categories?post=35124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/tags?post=35124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}